M&A Deal Summary

Zouari Group Acquires ARYZTA AG - Picard

On January 23, 2020, Zouari Group acquired food company ARYZTA AG - Picard from Aryzta for 156M EUR

Acquisition Highlights
  • This is Zouari Group’s 1st transaction in the Food sector.
  • This is Zouari Group’s 0th largest (disclosed) transaction.
  • This is Zouari Group’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2020-01-23
Target ARYZTA AG - Picard
Sector Food
Buyer(s) Zouari Group
Sellers(s) Aryzta
Deal Type Divestiture
Deal Value 156M EUR

Target

ARYZTA AG - Picard

Schlieren, Switzerland
ARYZTA AG's Picard provides frozen foods.

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Buyer(S) 1

Buyer

Zouari Group

Akouda, Tunisia

Category Company
Founded 1984
Sector Business Services
DESCRIPTION

Zouari Group is an economic group made up of a network of economic institutions such as the sale of cars, businesses, industry, services and the distribution of spare parts for the automotive sector. Zouari Group was established in 1984 and is based in Akouda, Tunisia.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Aryzta

Schlieren, Switzerland

Category Company
Founded 1897
Sector Food
Employees8,168
Revenue 2.1B EUR (2023)
DESCRIPTION

Aryzta offers a range of baked sweet and savory goods comprising breads, buns and rolls, muffins, frozen cookie dough, laminated dough, donuts, continental pastries, sweet and savory reception goods, and various savory pizzas and tarts, as well as a range of specialty bakery products. Aryzta was incorporated in 1897 and is headquartered in Schlieren, Switzerland.


DEAL STATS #
Overall 2 of 5
Sector (Food) 2 of 5
Type (Divestiture) 2 of 5
Country (Switzerland) 1 of 2
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Pré Pain B.V.

Oldenzaal, Netherlands

Pré Pain B.V. is a manufacturer of crispy bake off bread products. Pré Pain B.V. was established in 1992 and is headquartered in Oldenzaal, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Great Kitchens

Romeoville, Illinois, United States

Great Kitchens is a manufacturer of private label and branded take-and-bake and frozen pizza, flatbreads, and calzones. Great Kitchens was founded in 1976 and is based in Romeoville, Illinois.

Sell -